Wednesday, March 31, 2010

No higher highs so far ...


Again pressure on the 5 ma daily but still support.
If the bears take control, target could be the
20 ma daily.

Tuesday, March 30, 2010

Back to the highs?

No weakness at all. The daily frame remains bullish but the monthly ym is vulnerable because of the declining 50 ma. Trade what you see in the smaller frame.

Monday, March 29, 2010

The 200 ma 60' did it again...


1962 was resistance but the 200 ma 60' did it again. Ym didn't lose the 5 ma daily and is key on monday.

Friday, March 26, 2010

The higher high was again vulnerable...

200 ma's on the 60' frames nq and es + the
5 ma daily ym are still in play. The drop yesterday after a new higher high was fast.

Thursday, March 25, 2010

Unchanged...


Inside red candle on the daily frame, but 5 ma daily was support again and is still rising. The lows of yesterday are important.

Wednesday, March 24, 2010

Perfect bounce...

Again a perfect bounce in the long area on the rising 5 ma daily. Same situation today. But it's extended, so if the bears take controle, it can go very fast to the south. Be careful.

Tuesday, March 23, 2010

200 ma 60' was support.


Still bullish but no higher high on es and nq. The
5 ma daily is key again.

Sunday, March 21, 2010

The higher high was again vulnerable...


When the market is weak on monday, the first target is the 200 ma 60'. 5 ma daily on ym is key.

Friday, March 19, 2010

The trend is your friend...


The market still rises above the 5 ma daily. No
higher high on nq and es yesterday. Technical longs after a pullback.

Thursday, March 18, 2010

The small frames are still moving above the 5 ma daily...

1943.75-1928.75 was the pullback after a new high on nq. Extention is still there on the daily frame. Longs in the green zone are safer.

Wednesday, March 17, 2010

5 ma daily did it again....


Asia was strong tonight but it's still overbought, especially on the techs. Wait for a pullback to go long.

Tuesday, March 16, 2010

5 ma daily was weak...


Nq was weak yesterday but on ym the 100 ma 60' was support and we saw a reversal. Perhaps the same situation today.

Sunday, March 14, 2010

the rising 5 ma daily is still in play .... pfffff


Again a new higher high on nq, but the russel 2000 touched the 50 ma monthly and we saw a strong pullback.
Will the 5 ma daily be strong enough next week???
It doen't matter, we trade what we see on the smaller frames.

Thursday, March 11, 2010

Market still above the 5 ma daily....


The market remains strong but the pre-market is weak. Will the 5 ma daily be strong enough today?

Wednesday, March 10, 2010

Acrophobia or not??




The market reached the highs on nq but not on es and ym. Again higher today or acrophobia??

Tf ( russell 2000 ) almost reached the 50 ma monthly = resistance.

Tuesday, March 9, 2010

Same situation as friday.

The market still moves above the 5 ma daily.
Nq almost hit the yearly high, ym and es didn't.

The green horizontal lines in the charts could be support for today, together with the rising 5 ma daily.

Sunday, March 7, 2010

Friday, March 5, 2010

5 ma daily is still key...


Same situation as yesterdag but perhaps a breakout on the daily frame. Asia was strong tonight. Always trade what you see and not what you think.

Thursday, March 4, 2010

5 ma daily...to hold or not ......


Still a rising 5 ma daily but perhaps not strong
enough today. 1830-1825 target??

Wednesday, March 3, 2010

Bullish but resistance still there...


The market moves above the 5 ma daily but the resistance on the daily frame is still there on nq and also on es and ym.

Tuesday, March 2, 2010

The 5 ma daily persisted...


The market reached already the resistance region. Looking for shorts but divergence with
ym and es. Wait for signals smaller frame is an option.